When to remortgage

markmas

I am coming to the end of my fixed rate deal. The fixed rate ends at the end of April 2012 (there is an big early redemption fee before this).

Is it too early to start applying for the remortgage now? Or should I wait until nearer the time (if so how long before)?

I am thinking of remortgaging to First Direct if that makes any difference.

Thanks in advance for you help!

mij544

I tell my clients I will contact them 3 months before, however some offers are valid for 6 months, so as rates are rising at the moment it is always worth checking.

originalmiscellany

Also the process could take some time to complete so I'd apply soon, my FD mortgage took several months to go through - I was like you, I applied 6 months in advance and they completed to the day. So I would say get on and apply and get everything right and ready to go so you can make a smooth a transition as possible. Also if it's that good a rate, it would be in your interest to lock in as good a deal as possible. Just make sure you have a decent amount of equity in the house if you want the best rate (LTV).